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BBCNEWS Asia July 6, 2024

in activity. the world s second largest economy grew faster than expected in the first quarter thanks to robust consumer spending after lockdowns were lifted. but factory output has lagged due to weak global growth and this latest data raises questions about the sustainability of china s recovery. a market strategist told me these numbers show how uneven china s economic recovery has been. ﬁx, economic recovery has been. pretty dire set of numbers, although still an expansion. it has come below expectations, but of course the bigger shock on the manufacturing side, and to see how uneven the recovery is in china. two things worth noting. first, we are coming from a strong first quarter where we had this initial euphoria after the reopening of the economy, as well as some benefit from the chinese new year period. so of course, manufacturers are a little bit downbeat after that initial euphoria has come down. secondly, my bigger concern is about geopolitics and the impac ....

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BBCNEWS Asia Business Report July 6, 2024

weather max second largest economy grew faster and expected in the first quarter, thanks to robust consumer spending after lockdowns were lifted, but factory output has lagged due to weak global growth and this raises questions about the sustainability of china s recovery. we have a market strategist here, she says the numbers show how uneven china s recovery has been. it is numbers show how uneven china s recovery has been. recovery has been. it is a recovery has been. it is a pretty dire recovery has been. it is a pretty dire set recovery has been. it is a pretty dire set of - recovery has been. it is a l pretty dire set of numbers. recovery has been. it is a - pretty dire set of numbers. it has against come down below expectations but the bigger shockis expectations but the bigger shock is on the manufacturing side, it kind of shows how uneven the recovery is in china. i think two things are really worth noting here, first we are coming from a strong first quart ....

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BBCNEWS Asia July 6, 2024

economy grew faster than expected in the first quarter thanks to robust consumer spending after lockdowns were lifted. but factory output has lagged due to weak global growth and this latest data raises questions about the sustainability of china s recovery. a market strategist told me these numbers show how uneven china s recovery has been. a pretty dire set of numbers, although services is still an expansion. it has come below expectations, but of course the bigger shock on the manufacturing side, and shows how uneven the recovery is in china. two things worth noting. first, we are coming from a strong first quarter where we had this initial euphoria after the reopening of the economy, as well as some benefit from the chinese new year period. so of course, manufacturers are a little bit downbeat after that initial euphoria has come down. secondly, my bigger concern is about geopolitics and the impact on making the external demand weaker for china s manufacturing secto ....

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BBCNEWS Asia Business Report June 4, 2024 00:32:00

Downbeat after that initial euphoria has come down. secondly, my bigger concern is about geopolitics and the impact making the external demand weakerfor impact making the external demand weaker for the china manufacturing sector. we need to monitor that, because those are potentially the structural changes which will impact china over the longer run. but for now, we could see more stimulus measures, the politburo statement that came out on friday already hinted at that, saying they are noting weaker savings and weaker spending and investment as well. so that does signal the chinese economy will be geared up with some amount of stimulus measures for now. we are seeing reports that a deal to rescue the first republic bank is imminent. us regulators have reportedly asked six banks to bid for the embattled lender. their shares ....

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BBCNEWS Asia Business Report June 4, 2024 01:32:00

Secondly, my bigger concern is about geopolitics and the impact on making the external demand weaker for china s manufacturing sector. we need to monitor that, because those are potentially the structural changes which will impact china over the longer run. but for now, we could see more stimulus measures, the politburo statement that came out on friday already hinted at that, saying they are noting weaker savings and weaker spending and investment as well. so that does signal the chinese economy will be geared up with some amount of stimulus measures for now. we are seeing reports that a deal to rescue the first republic bank is imminent. us regulators have reportedly asked six banks to bid for the embattled lender. their shares plunged last week after it admitted that customers had withdrawn $100 ....

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